GeorgeM777
Expert Alumni

Deductions & credits

As a follow-up to @HelenC12, we assume you used the standard mileage rate for the first year of business use.  If you used the standard mileage rate for the first year of business use, you can switch to actual expenses and then back to standard mileage from year to year at your discretion.  However, if you elected to take actual expenses in the first year of business use, you cannot thereafter switch to standard mileage; you are obligated to continue using actual expenses.

 

Which method did you use for the first year of business use? 

 

@clueless001

 

 

 

 

 

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